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Archive for the ‘best know method’ Category

We compiled a few of the best quotes from the Oracle of Omaha.

Master the basics.

The best time to buy a company is when it’s in trouble.

Don’t buy a stock just because everyone hates it.

Stocks have always come out of crises.

Don’t be fooled by that Cinderella feeling you get from great returns

You don’t have to be a genius to invest well.

Always be liquid.

Think long-term.

Forever is a good holding period.

Buy business that can be run by idiots

Be greedy when others are fearful.

Buying a stock is about more than just the price.   “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

You don’t have to move at every opportunity

Ignore politics and macroeconomics when picking stocks.

The more you trade, the more you underperform.

Price and value are not the same. “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

Bad things aren’t obvious when times are good. “After all, you only find out who is swimming naked when the tide goes out.”

There are no bonus points for complicated investments.

A good businessperson makes a good investor.

Higher taxes aren’t a dealbreaker.

Companies that don’t change can be great investments. “Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it’s the lack of change that appeals to me. I don’t think it is going to be hurt by the Internet. That’s the kind of business I like.”

This is the most important thing. “Rule No. 1: never lose money; rule No. 2: don’t forget rule No. 1”

Time will tell. “Time is the friend of the wonderful business, the enemy of the mediocre.”

BONUS: On Wall Street advice. “Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway.”

full article  >>>>>

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(via listverse) Andrew Pepper presents ten words misused by either professional writers or public speakers who, let’s be honest, should really know better. I’m not being paid for this, so I don’t feel so bad if there are mistakes!

The words are refute, instant, enormity, less, chronic, literally, panacea, disinterested, decimate and ultimate. Please read to find how they are being misused   >>>>

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It is very common to see desi executives use their phones in social get togethers. They are generally seen with phones with a large screen and a number of keys, furiously punching away at their keyboard, as if the sky is about to fall on their heads. These execs are generally formally dressed, use the latest lingo, will tell you how busy they are and generally just back from some airport. They think it is very cool to pause someone they are talking to and start replying to some urgent message. Many times they stare at you out of decency, but their mind is engaged in composing the reply. They want to make a point that the company they work for, will stop if they do not reply at once. If anything they demonstrate their own insecurity.

(via nytimes) in a message to executives, the advice is to stop multitasking, for it makes anyone anxious, slows down production and hampers creativity. Executives need to make good judgements and this after synthesizing a lot of information. In pithy fashion, the article urges executives to cope by Focusing (do one thing at a time), Filtering (delegating so that you don’t take on too many tasks or too much information) and Forgetting (read: exercise, take breaks, clear your head).

Very likely the executives multitasking would have either missed this article or not synthesized the whole.

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I am augmenting the list in my previous post >>>

Please note my focus is good food at value prices. Ambience has the lowest priority.

For the best sandwiches in Pune try Tutto Bene Delicatessen – G-14, Sacred World Mall, Wanwadi, Pune Phone 30495222 (in the building next to McDonalds). Run by Api Mirpuri and his meticulous wife who looks into all the fine details. Tutto Benne in Italian means Allz is well.

Lot of Puneri’s swear by Vaishali for great south Indian food. To be honest I have changed my opinion after living and working with Iyers and Iyengars. For the best south Indian snacks check out simply Idlicious which has two branches, one in Aundh and the other on Baner Road.

A great place to have fish curry and rice is a new joint called Fish Curry Rice in Narayan Peth. They have a good fish thali for Rs 200/- with a decent variety of items. Exact address is 586, Gangadhar Apartment, Near Kanyashala, Narayan Peth, Pune 411 030. Phone No 96898 91819.

Tertullia in Spanish means social gathering. A Spanish styled cafe located of South Main Road, in Koregaon Park. They have excellent sandwiches, Pizza, coffee and also serve lunch and dinner limited to a daily menu. A must visit. Phone no 020 2605 2180.

Yogi Tree : Yet to visit. It is restaurant cum bistro again in Koregaon Park area. A place when visitors visit lose the track of time spent there. Very unconventional from the rest for its simplicity. more >>>

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Hivre Bazar

(via Indian Express) Sudheendra Kulkarni talks about Hivre Bazar, a miracle in rural development that would have pleased Mahatma Gandhi, whose teachings inspired and guided the villagers in their endeavour. Here is a small village (only 257 families), which, 20 years ago, was perennially drought-prone. Half of its population of around 1,400 used to migrate to Mumbai and Pune in search of work in summer months. Nearly 90 per cent of the families were below poverty line. Alcoholism was rampant, and so were disputes and criminal activities.

The villagers successfully implemented a watershed development and afforestation programme by building continuous contour trenches along the hill near the village. This stopped soil erosion and also raised the groundwater table, enabling every farm to have irrigation and every home to have yearlong piped water. As against one unreliable crop in a year in the past, farmers now grow three, sometimes even four, crops. Hivre Bazar’s per capita income has increased from Rs 832 in 1991 to Rs 28,000 now. About 50 families have become millionaires. In the ’80s, it had only one motorbike; now it has 270 motorbikes, 25 four-wheelers and 17 tractors. The villagers have planted 35 lakh trees, produce 5,000 liters of milk daily, open defecation and urination have become history in Hivre Bazar, since every house has its own toilet, whose effluents, along with that of cattlesheds, support 112 biomass plants. These biomass plants, apart from providing basic electricity, also produce manure that is helping farmers to switch over to total organic farming. >>>

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A guru to Apple and Google, Bill Campbell is the most confidential advisor in Silicon Valley. How a former college football coach is shaping the character of an industry The Valley guru keeps a low profile but his rules for success are a growing legend.

Think big with talent : Campbell believes startups often hire “early stage” people without thinking about whether they will succeed as the company grows. They should instead hire major players who know how to scale up. Once they’re in, Campbell uses a review system that measures four areas: on-the-job performance – the typical quantitative goals; peer group relationships; management/leadership, or how well you develop the people around you; and innovation/best practices.

Be honest – and accountable : “I remember him describing me as a human missile,” says Danny Shader, CEO of Jasper Wireless, who at the time was a disgruntled employee at Go Corp. Campbell, the CEO, sat him down, saying, “Here are a bunch of things you need to do to improve yourself and things that I need to do.” By talking straight with employees – and committing to helping them succeed – Campbell helps create a team dynamic.

Skip the chief operating officer : Most Campbell-led or -mentored companies (Google and Intuit, for example) have no COO. Campbell thinks the COO often takes over management details that the CEO should be deeply involved in. And COOs often end up isolated, with star managers insisting on reporting to the CEO.

Invest in the future : Campbell believes technology companies should never slack on innovation. “He is a huge advocate of having to be on the leading edge,” says Marc Andreessen, co-founder of Netscape, Opsware, and Ning. “He was always on us [at Opsware] with the budget about having to invest more in R&D.”

Empower the engineer : Campbell thinks engineers are the innovation core of any tech company. Giving engineers the freedom to create, free of marketing dictates, is critical. On Campbell’s suggestion, Intuit CEO Brad Smith gave his engineers four hours a week of unstructured time. The result: six new products in the past year.

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via Thomas Dreller the differences in a community and hierarchy. To be honest in India it is difficult to build a community for the most part because as a society we are very feudal. This makes a peer to peer relationship extremely difficult.

The below is a very good explanation.

Recently I received feedback on reviving a starving community from one of the higher ranks:

Based on what I have seen happening, the community could be successful in establishing its identity if there is some regular communication flowing from the top, for ex. a monthly summary.

Somehow I felt there is something missing, or even wrong with this statement, and it took me some time for figuring out what it could be. I think I’ve got it now: It’s the top-down approach for establishing an identity, which I believe won’t work.

Gary Hamel once (The Future of Management) raised an interesting question:

When in your life have you felt the most joyful and the most energized by work?… I bet it involved a group of people who were bound by their devotion to a common cause, who were undeterred by a lack of resources and undaunted by a lack of expertise, and who cared more about what they could accomplish together than how credit would be apportioned.  In short, you were part of a community.

Completely agree: It’s the common cause which forms the identity of the community, not the directed information flow, not the structured meeting place, not the existence of specific roles. Looking around, I see too much hierarchy, too many policies, and too little community. And, digging further, I found this little jewel that precisely explains why I didn’t feel well about this statement. The piece positions bureaucracy versus community:

Hierarchies are good at aggregating effort.  Communities are good at mobilizing effort.

In a community, the interaction and exchange is voluntary – you give your skills, experience, bandwidth in return for the chance to make a difference, or exercise your talents. In a hierarchy, you get paid for doing what is assigned to you.  It’s a contractual exchange.

In a bureaucracy, you are a factor in production.  In a community you are a partner in cause.

Communities depend on norms, values, and gentle prodding of one’s peers. Bureaucracies rely on multiple layers of management and a web of policies.

In a bureaucracy individual contributions are circumscribed.  Financial people work on finance.  Marketing people market.  In a community, capability and disposition are more important than credentials and job descriptions.

In a bureaucracy rewards are financial.  In communities, the rewards are emotional.

Mull over it and please share your personal experiences

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